Once earning $5,000 a month, the speaker started spending heavily on food, travel, and hiring help to buy back time. He argues that saving matters, but real wealth is spending on what brings you joy and mental space. Pick one thing you're skimping on and increase it.
When I first hit 5K a month, dude, I was living the life. First thing I did every day, steak at my favorite place. I just spent a lot in food. So for some people it's food, for some people it's travel. But for me personally, I love paying for time. I have my assistant, she does everything. I just hire killer people. They do everything and it's just great. I feel like when entrepreneurs are like, but I don't want to spend, I understand, but spend in convenience because then you're going to have that mental space you need to make more money. Saving is good, but find the things that bring you joy and just spend on it. Ramit Sethi calls this, what does your rich life look like? What are some things that you love spending on and you quadruple that? What would your life look like? Actually, let's run an experiment. What is one thing right now where you feel like maybe you've been skimping that you shouldn't?
